You, Me & The US Economy

Or as Senator Everett Dirksen said, “I have my principles, and one of those principles is flexibility.”

Karenina, Tolstoy wrote that “happy families are all alike; every unhappy family is unhappy in its own way.” Economic cycles are sort of like this; strong economies are all alike, weak economies are weak in their own way.

t you must remain vigilant

It was also hard to be heard over the

you must remain vigilant

Keep it, guard it, care for it, for it keeps men, guards men, cares for men.”

envisioned porcelain dolls sitting on a high shelf; if the shaking, stirring and squeezing continued,

At the heart of the squeeze was first, the housing correction (a

On August 10th, the Federal Reserve and other world central banks injected over $300 billion into financial markets. The Fed said it was “providing liquidity to facilitate the orderly functioning of financial markets” because of “dislocations in money and credit markets,” i.e. fancy words for trying to ease a credit squeeze.